The most recent figures from the Comptroller General of the Republic detail that between January and July of this year the cost of new construction, additions and repairs totaled $793 million, and the number of projects for which construction permits were granted was 5,033. These figures are far from those reported up to July of last year, when the value of projects exceeded $1.1 billion, and the number of projects exceeded 8,000.

See also: “Upcoming construction works in Central America“

During the first seven months of this year, Panama was the province that registered the highest cost of new construction, additions and repairs reported, with a total of $524 million and 860,000 square meters. They were followed by Arraiján, Colón and La Chorrera, with $66 million, $64 million, $57 million, respectively.  

See report by the Office of the Comptroller General of the Republic.